GMP IPO Watch
Prasol Chemicals IPO
Prasol Chemicals IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Prasol Chemicals IPO Details
Key facts at a glance| IPO Open Date | 7 September 2026 | IPO Close Date | 9 September 2026 |
|---|---|---|---|
| Basis of Allotment | 10 September 2026 | Listing Date | 15 September 2026 |
| Price Band | ₹643 - ₹676 per share | Face Value | ₹10 per share |
| Market Lot Size | 22 Shares | Min Investment (Retail) | ₹14,872 |
| Total Issue Size | ₹500 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | Approx ₹80 Crores | Offer for Sale (OFS) | ₹420 Cr |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | KFin Technologies Ltd. | ||
Prasol Chemicals IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 7 September 2026 | Confirmed |
| IPO Close Date | 9 September 2026 | Confirmed |
| Basis of Allotment | 10 September 2026 | Tentative |
| Initiation of Refunds | 15 September 2026 | Tentative |
| Credit of Shares to Demat | 15 September 2026 | Tentative |
| IPO Listing Date | 15 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Prasol Chemicals IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 22 Shares | ₹14,872 |
| Retail (Max) | 13 Lots | 286 Shares | ₹1,93,336 |
| S-HNI (Min) | 14 Lots | 308 Shares | ₹2,08,208 |
| S-HNI (Max) | 67 Lots | 1,474 Shares | ₹9,96,424 |
| B-HNI (Min) | 68 Lots | 1,496 Shares | ₹10,11,296 |
Prasol Chemicals IPO Live GMP & Movement History
Daily unofficial grey market trends₹40 +5.9%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 10 Sept 2026 | ₹0 | ₹676.00 | 0.00% |
| 9 Sept 2026 | ₹40 | ₹716.00 | +5.92% |
| 8 Sept 2026 | ₹85 | ₹761.00 | +12.57% |
| 7 Sept 2026 | ₹120 | ₹796.00 | +17.75% |
| 6 Sept 2026 | ₹170 | ₹846.00 | +25.15% |
Prasol Chemicals IPO Subscription Status
Demand breakdown by investor categoryPrasol Chemicals Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2023 | — | ₹184.81 | ₹154.97 | — |
| 2024 | — | ₹206.45 | ₹175.85 | — |
| 2025 | — | ₹322.58 | ₹261.43 | — |
| Dec 2025 | — | ₹236.50 | ₹186.96 | — |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Prasol Chemicals IPO Valuation & KPIs
Key metrics pre-issuePrasol Chemicals Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Powerica Limited | — | 15.26 | — | — | — |
| Cummins India Limited | — | 72.15 | — | — | — |
| Kirloskar Oil Engines Limited | — | 33.71 | — | — | — |
| NTPC Green Energy Limited | — | 0.67 | — | — | — |
| Acme Solar Holdings Limited | — | 4.55 | — | — | — |
| Adani Green Energy Limited | — | 8.37 | — | — | — |
About Prasol Chemicals
Prasol Chemicals is a forward-integrated specialty chemical manufacturer specializing in acetone and phosphorus chemistries. Operating on a B2B2C model, it offers 150+ products across 5 segments: performance chemicals, paints/coatings/adhesives, pharmaceuticals, agrochemicals, and home/personal care. The company operates two manufacturing facilities in Khopoli and Mahad (Maharashtra), an R&D center in Navi Mumbai, and exports customized formulations globally to 69 countries
Key Strengths
- Forward-integrated manufacturer offering over 150 specialty chemicals.
- Diversified revenue streams across five major application industries.
- Global operational scale with exports reaching 69 countries.
- Strong R&D capabilities with a pipeline of 40 new formulations.
- Facilities meet stringent international regulatory and quality standards.
Key Risks
- Dependent on two facilities vulnerable to regulatory shutdowns.
- Handling hazardous raw materials exposes operations to accident liabilities.
- Significant reliance on a limited number of raw material suppliers.
- A substantial portion of revenue is concentrated among top 10 customers.
- Historical fluctuations in net operating cash flows raise liquidity risks.
Prasol Chemicals IPO Reservation & Share Quotas
The Prasol Chemicals IPO shares are reserved across different investor categories, including anchor investors, qualified institutional buyers, non-institutional investors and retail investors. The reservation structure determines the portion of the issue available to each category.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| Anchor Investor | 22,18,930 Shares | 30% |
| QIB (Ex. Anchor) | 14,79,289 Shares | 20% |
| NII Shares Offered | 11,09,466 Shares | 15% |
| Retail Shares Offered | 25,88,753 Shares | 35% |
Prasol Chemicals IPO Anchor Investors
The Prasol Chemicals IPO anchor investor bidding is scheduled before the public issue opens. Anchor investors are allotted shares ahead of the IPO subscription period, providing an early indication of institutional participation in the issue.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 7, 2026 |
| Anchor Investors List | |
| Shares Offered | 22,18,930 Shares |
| Anchor Size | 150.00 Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | October 11, 2026 |
| Lock-in Period End Date – 50% Shares (90 Days) | December 10, 2026 |
Prasol Chemicals IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 08 Sept 2026 |
| IPO Close Date | 10 Sept 2026 |
| Basis of Allotment | 11 Sept 2026 |
| Refunds | 15 Sept 2026 |
| Credit to Demat Account | 15 Sept 2026 |
| IPO Listing Date | 16 Sept 2026 |
Note: The timeline for ಪ್ರಸೋಲ್ ಕೆಮಿಕಲ್ಸ್ IPO is tentative and subject to change.
Prasol Chemicals Promoters and Shareholding Pattern
The promoters of Prasol Chemicals are Nishith Rajnikant Shah, Gaurang Natwarlal Parikh, Dhaval Nalin Parikh, Pankil Nishith Dharia, Sachin Jatin Parikh, Rakesh Gupta, Nishith Rasiklal Dharia, Kunal Tushar Dharia, Suketu Navinchandra Parikh, and Usha Rajnikant Shah. The table below shows the shareholding pattern before and after the IPO.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 51,735,560 | 89.20% | 45,522,554 | 76.92% |
| Others* | 6,264,440 | 10.80% | 13,660,877 | 23.08% |
| Total | 5,80,00,000 | 100% | 59,183,431 | 100% |
Prasol Chemicals Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | Crores |
| Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company | ₹60.00 |
| General Corporate Purpose | ₹- |
Note: Objectives are as specified in the DRHP/RHP documents of ಪ್ರಸೋಲ್ ಕೆಮಿಕಲ್ಸ್.
Prasol Chemicals About the IPO
Prasol Chemicals, founded in 1992, is a speciality chemicals manufacturer. The firm manufactures over 150 specialty chemicals, such as acetone-based, phosphorus-based, and other complex chemicals. Its product portfolio includes 21 acetone-based chemicals, 53 phosphorus-based chemicals, and 76 other specialty chemicals.
Its products cater to a wide range of industries: performance chemicals (like lubricants and mining additives), paint, inks, construction, and adhesives (PICA), pharmaceuticals, agrochemicals, and home and personal care. Major customers include Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science, Gharda Chemicals, Croda India, Supriya Lifescience, and Yasho Industries. So far, the firm has served 1600 customers and exports to 69 countries. Moreover, Prasol Chemicals operates 2 manufacturing facilities in Khopoli (1,20,604 sq. m.) and Mahad (1,19,423 sq. mt.).
Prasol Chemicals Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹184.81 | ₹154.97 | - | - |
| 2024 | ₹206.45 | ₹175.85 | - | - |
| 2025 | ₹322.58 | ₹261.43 | - | - |
| Dec 2025 | ₹236.50 | ₹186.96 | - | - |
Note: Financial numbers for ಪ್ರಸೋಲ್ ಕೆಮಿಕಲ್ಸ್ are in ₹ Crores unless stated otherwise.
Prasol Chemicals Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 20.37% |
| ROCE | 22.43% |
| EBITDA Margin | 11.30% |
| PAT Margin | 6.74% |
| Debt to Equity Ratio | 0.19 |
| Earning Per Share (EPS) | 14.33 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 18.53% |
| Net Asset Value (NAV) | 77.33 |
Note: Valuation KPIs for ಪ್ರಸೋಲ್ ಕೆಮಿಕಲ್ಸ್ are computed for FY2026.
Prasol Chemicals Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Powerica Limited | 15.26 | - | - | - | - |
| Cummins India Limited | 72.15 | - | - | - | - |
| Kirloskar Oil Engines Limited | 33.71 | - | - | - | - |
| NTPC Green Energy Limited | 0.67 | - | - | - | - |
| Acme Solar Holdings Limited | 4.55 | - | - | - | - |
| Adani Green Energy Limited | 8.37 | - | - | - | - |
Note: Peer group comparisons for ಪ್ರಸೋಲ್ ಕೆಮಿಕಲ್ಸ್ are sourced from DRHP filings.
Prasol Chemicals Lead Managers & Merchant Bankers
- Dam Capital Advisors Ltd.
Prasol Chemicals IPO FAQs
Prasol Chemicals IPO opens for subscription on 7 September 2026 and closes on 9 September 2026.
The price band for Prasol Chemicals IPO is set at ₹643.00 to ₹676.00 per share.
The minimum market lot size is 22 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 22 Shares (₹14,872).
The latest Grey Market Premium (GMP) for Prasol Chemicals IPO is ₹40. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Prasol Chemicals IPO is tentatively scheduled for 10 September 2026, and shares are expected to list on the stock exchanges on 15 September 2026.
KFin Technologies Ltd. is the official registrar for Prasol Chemicals IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.